Additional European Equity News

Ashtead (AHT LN) - Q1 (USD): Pretax Profit 512mln (prev. 544mln Y/Y), EBITDA 1.28bln (prev. 1.29bln Y/Y). Affirms rev. guidance, but lifts FCF between 2-2.6bln. (Newswires) 

Convatec (CTEC LN) - Bloomberg writes that the Trump administration’s toughening stance on Medicare spending is prompting bets against UK Convatec Group, "the most-shorted London-listed blue chip". (Bloomberg)

Legal & General (LGEN LN) - Completion of GBP 500mln share buyback. (Newswires) 

Lufthansa (LHA GY) - Germany's VC pilot union has called for strike action after pension scheme talks collapsed. (Reuters) 

M&G (MNG LN) - H1 (GBP): Revenue 1.99bln (prev. 1.98bln Y/Y), AuM 354.6bln (prev. 346.1bln Y/Y). Co. is well-positioned to navigate the current uncertain economic and geopolitical environment. Announces first interim dividend of 6.7p/shr (prev. 6.6p/shr Y/Y). (Newswires) 

Watches of Switzerland (WOSG LN) - AGM Trading Update: Financial performance has been in line with guidance; on track to deliver a good H1'26. Co. does not see a material impact from US tariffs in H1'26, as partners have increased inventories by Swiss Watch Exports in July 2026. Affirms guidance. Highlights that UK Luxury markets show continued stability and growth. Consistently strong trading, particularly in the US. (Newswires) 

Siemens (SIE GY) downgraded to Neutral from Outperform at Santander